The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Jin: Play-to-earn economies require net-spending whales to avoid Ponzi structures
“There needs to be another contingent of players, which does exist in most games. It's the whales who are spending more money than they earn out. And that is the only way that the economy of the game can be in balance without necessarily relying on the poncinom…”
Jin: Multi-year token lockups are virtually universal for crypto VC funds
“So usually I would say in the deals that I've been a part of lockups are very, very common, if not just Universally present. And furthermore, those lockups are really long like multi-year lockups. And for venture firms, I mean, venture firms are structured as …”
Li Jin: Next cycle will produce a sustainable play-to-earn game
“I think in this next cycle, someone is going to crack that and design a game economy that is actually sustainable and functions.”
Jin: Simple games will figure out Web3 before AAA studios
“I think you can get there with pretty simple game dynamics like what Neopets had. Neopets was literally playable on a dial up modem. And so I think those are the games that are going to figure it out first in advance of the AAA games that probably will take fi…”
Li Jin: Neopets served as an early dial-up metaverse
“Neopets was the metaverse, but on a dial up internet connection.”
Li Jin: Crypto enables users to earn project ownership alongside income
“Crypto was this new way for people to earn an income online and not only could they earn an income, they were actually earning ownership in the projects that they were participating in which I thought was so interesting and something that had never been possib…”
Li Jin: Web2 platforms excluded contributing users from equity value accrual
“A lot of the value came from the equity value of these companies and that accrued to very, very small group of people, investors, founders, early employees, executives, et cetera. And notably who's missing from that is the participants on the platforms themsel…”
Jin: DeFi protocols remained resilient and operational throughout the crypto crash
“All of the DeFi protocols are still working, but they've been incredibly resilient during this period of broader turmoil. And I think it's really important to note that because in those instances and in the DeFi world, users know exactly what is happening with…”